China Inflation Up to 3.2 percent in February

China's annual inflation jumped to a 10-month high in February as holiday spending for the Lunar New Year drove food prices sharply higher.

The figure was a spike from January's 2.0 percent and the highest result since April 2012, when it stood at 3.4 percent.

The biggest price increases were registered for food (6 percent), consumer goods (3.3 percent), services (3.1 percent) and rentals (2.8 percent).

On a month-on-month basis, February's consumer price index (CPI) gained 1.1 percent.

Anna Fedec,
3/9/2013 4:07:22 PM